What is the detailed process of buying a house with a loan?
1. Asking about the qualifications for buying a house: Before buying a house, buyers must first know whether they meet the local conditions for buying a house, especially friends who want to buy a house in these big cities. If they are not qualified to buy a house locally, they can't apply for a loan to buy a house. Generally speaking, buyers with local hukou can buy the first suite locally, and some cities will require buyers with foreign hukou to pay social security.
2. Estimate the funds for buying a house: you don't have to prepare a down payment to buy a house with a loan. Property buyers should estimate the funds in their hands and make a good purchase budget in advance before handling the loan purchase procedures. Before buying a house, everyone should think about what kind of house to buy and know the down payment required for buying a house with a loan, but we must not ignore other expenses such as taxes, maintenance funds, property fees and decoration fees in the later period.
3. Looking at the house and choosing a house: Buyers should follow a principle when looking at the house and choosing a house, that is, what suits them is the best. When choosing a house, they should determine the location according to their own living and working scope, and pay attention to various aspects such as apartment type, floor and environment. In addition, buyers need to know more about the developers and whether the real estate developed and built by the developers is supported by banks, because some real estate projects may not be able to apply for loans.
4. Pay the down payment and sign the contract: Although most buyers will pay the down payment after choosing a house, the down payment is voluntary and buyers can choose not to pay it. After the buyer chooses the house, it is time to pay the down payment and sign the contract. I believe everyone knows the importance of the purchase contract, so when signing the purchase contract, the buyer must pay attention to whether the content is perfect or not, whether there are controversial places, including the division of responsibilities after delivery and the handling methods of emergencies.
5. Handling mortgage procedures: After the house purchase contract is signed, the buyers can go to the bank to handle mortgage procedures with the information prepared in advance. There are generally two kinds of mortgage loans: provident fund loans and commercial loans. If property buyers meet the conditions of provident fund loans, it is naturally good and can save a lot of interest expenses. But there are many restrictions on provident fund loans. If they don't meet the requirements, they don't have to be forced. Property buyers should choose their own way according to their actual situation.